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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (7701)6/9/2004 10:04:46 AM
From: TobagoJack  Read Replies (3) | Respond to of 116555
 
... and the loan can be for 30 years, with the 29 year after the 1st year floating at Libor minus 100 pts.

HSBC is not known for making losing money trades, and so I think they still will make money on these loans, after loss reserves and defaults ;0)